Tata Mutual Fund secures over 5% stake in CarTrade Tech via open-market deals
Tata Mutual Fund and its associated entities have increased their stake in CarTrade Tech Limited. Their combined holdings now exceed 5% of the company's total shares. The latest purchase took place in late January 2026 through open-market transactions.
On January 28, 2026, Tata Asset Management Company bought 90,522 equity shares of CarTrade Tech. This acquisition pushed the total shareholding of Tata Mutual Fund and persons acting in concert (PAC) to 23,99,962 shares. Together, these shares represent 5.0163% of the company's equity.
Previously, ICICI Prudential Asset Management Company Limited had represented Tata Mutual Fund's interests in CarTrade Tech. The recent purchases involved multiple schemes under Tata Mutual Fund, all conducted via open-market trades.
The latest transactions confirm Tata Mutual Fund and PAC's expanded presence in CarTrade Tech. Their combined stake now stands at over 5%, marking a notable increase in ownership. The shares were acquired through standard market procedures without private placements or direct deals.
